New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-07-06
Friday. To-day
TUESDAY, July 5-H. u.

TUESDAY, July 3d. u
While may be 70 gardsd morally certain that the
great deals which for many weeks have attracted public
attention. and shout which much that was tree and
much that actien has been published, are prse-
tioally accomplished facts. for reasons knewn
only to the parties directly interested the ofncial
announcement Of their contamination 10 de-
layed. Pending tho ofncial declaration Il y
natural that feverishnsss and . feeling Of uncer-
tainty should controlling force In the Stock Er
change markets. because the tmpr ession has become
general that the failure the deals s -
be in the immediate future Of spseu
lations OF this feeling Of dstrust tho contracting
not slow take advantage for their special
future profit The markets still about
the monetary question, and the low" condition Of the
bank (which is entirely due to the fact thel
many Western cities having become by law and by
designation Of the Secretary Of the Treasury
ces" the West has not sent Its surplus funds New
York heretofore aad thus rolled up
useless surplus and therefore, have not their funds
in NewYork to draw against In the autumn has bees
the heretofore gives point to the continued publ
cations Of danger from Treasury absorption Of money
This column has stood almost alone for six months
against the theory OF Treasury absorption and the resah
vindcass its estimates In the ended June3 -
the Tressury's gain Of net cash In It's vaults 10
not over 81 100000 greater than Its coinage Of
standard silver dollars In that period It Is not wild
venture say that the probabilities that without
to the purchase or bonds any other eXraor
binary expcdient tho Treasury's net cash bal
ancos December 1, when Congress meets,
will not DO materially changed from what they
June 80. The surplus will be very much larger but
that will arisc from payment of current liabilities
National bank notss out OF its current re-
cepts With the amount Of cash In the vaults thAs
there but WITH surplus OF 500 0o00
the appeal Congress for immediate action will
stronger than 10 ever before
With the parties who II is admitted, In control
of the marke Inactive and giving sign, to-day stock
speculation was dull and dropping Borrowers OF money
xous and by thoir efforts their require
ments In he eaciy hours forced the rates TO 10 per
cent regardless Of the fact that tho banks Saturday
and to-day gained $4.Oo0000 from the Sub
Treasury. Tue result In tho afternoon
latter ract id change the temper OF dull
aton from the early bent given to IL by active aud
energetic trader The transactions both boards
only to 347111 sharesl9 Isl At the stock
Exchange aud 154,S60 at the Consolidated Exchange
Among the special othc day Reading which
st. Paul, which by its old enemies pressed down
from SOLE to s740s7-there is large borrowing de-
nxnd for st. Paul; and Louisville and Nashville, which
later severely attacked accompanied by untrue
rumor of a Issue Of stock and sold down frous
81 to 81 4a6l%. The general market dull anl
draggy. prices yielding taol per cent 1t was purely
traders market In which the leading spirit talked loudly
OF blue ruin and devastao I'm the meantime the reports
OF railway earnings for the fourth OF June
coming In with continued large gains st. Paul excep-
tonaiy oas from 1886 of S28 1924 but it gives
gain Of S5579 FOR the month and gain OF $54 900 foe
the week 1888 The markets closed dull and rather
firm at the figures.
Government bonds were quiet and easy with the bids
Is and cent lower respectively for the Is and AIS
Annexed are the closing quota lions;